Newpark Resources Inc. Layoffs

Topics regarding layoffs at Newpark Resources Inc.

NPDF Q4 debaucle

$18.1m Q4 operating loss in fluids. -13.5% margins. Need to “right size” starting in the Woodlands. More short term debt, less assets, higher total liabilities, less stockholders equity and less cash on hand. And still carrying $43m for goodwill... —  read more 

781 and $5.49

Rig count 781. Stock price $5.49. So much for the “brilliant strategizing”. Welcome to the real oilfield-Scotsman. Time to start earning your $$$

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Post ID: @OP+130WZI2N

Deepwater

Three days into the new year and LGC Deepwater is already losing money. Perhaps they should hire a third field service manager.

Merry Christmas to all

Twas the days before Christmas, Not even a sound, Ole NP kept stumbling And fell straight to the ground. The reasons are many From what I have been told, Without profit in fluids We’re heading straight down a dead-end road Leave it to... —  read more 

Rig count 803

Down 3 for the week, down 276 for the year. Looks like whoever called 800 hit the nail on the head. NP selling $50 OBM ain’t helping margins either

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Post ID: @OP+129JMwiP

Allowance for doubtful accounts

Will only get worse folks. Shale companies have finally met their match-no investor money. Pyramid scheme is effectively over. Permian will see HUGE reduction in rig count In the next 12 months. If any doubt, look at CHK. NP better closely... —  read more 

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Post ID: @OP+11UMHEOe

Another losing quarter

NP still losing $$. Fluids margin was 3.8%, not even enough to cover corporate op-ex. More excuses, Gulf not carrying their weight, blah blah blah. BUT we are positive cash flow. That’s the ONLY bright spot for PH. Oh yeah we bought a toilet... —  read more 

The new presidents sweet deal

I truly hope anyone that has ever contributed a shred of profitability and is still left demands a raise TODAY. The new Presidents deal completely shreds any common sense left in the NP toolkit. Let’s see, you hire a guy who isn’t a US citizen nor... —  read more 

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Post ID: @OP+10ENXBk1

Oilfield Service Companies Barely Surviving

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30 a barrel from more than $100, the companies that drill and frack wells are living... —  read more 

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Post ID: @OP+ZWAbHly

Age discrimination at NP???

Just look around you - what's the one thing you notice? The faces that are looking back at you are getting MUCH younger after every layoff, and older employees are few and far between. Is there really nothing to be done about this? It's certainly not... —  read more 

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Post ID: @OP+ZjUJUmS

Did anyone notice?

Q1 conference call, PH alludes to upcoming costs of $1-2m in Q2 for consulting charges as part of long term strategy. Let me get this right: on top of Corp officers pay and perks, Board stock and perks ~ you have TO PAY someone to TELL YOU HOW TO RUN... —  read more 

POOR OKLAHOMA

It’s really nice to see your poor contribution recognized on the quarterly conference call! Down 25~30% from Q4. Continue to give it away, operators are seeing your lack of performance and technical failures in Mid Continent. LMAO😂😂😂

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Post ID: @OP+YLXZuVw

Why does Newpark allow?

Business unit managers to hire brother-in-law trucking companies as vendors? Wouldn’t this constitute a blatant conflict of interest? They need to look closely and see this directly in front of them. Or do they really care

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Post ID: @OP+YwytUC8

What happened to

The $2 billion dollar plan? Wasn’t that PV’s public proclamation?

2018 YE financials ~ Mats is carrying the company

Mud can’t even cover Corporate op-ex. 4.6% margin in fluids won’t cover the cost of borrowing $$$. NP in sad shape folks. 2018 best year for the competition and NP doesn’t even make headway, the you give Mr Screw it up a cool $1.5m parting gift?... —  read more 

We told you so, Paul

We tried to tell you and you wouldn’t listen. 4 1/2 years and many millions of dollars later, here we are. Show us some REAL leadership and dig us out of the hole that YOU have put us in.

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Post ID: @OP+WFNAQhs

Bye Bye President

It only took 4 years to figure out PV didn’t have a clue! Who’s next. Looks like they need to clean house and change the culture in Katy. Choa: —  read more 

Sale at last?

Received odd requests for numbers recently, sounding like someone is doing due diligence. Rumors of a sale have been around a long time. Has PH finally decided to pull the trigger so that he and his minions can execute their change of ownership... —  read more 

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Post ID: @OP+VCEarPB

Layoffs at Newpark in September?

I heard there might be some layoffs at Newpark before the end of this month. There were no details given, just that something big is coming and it's coming soon. Not sure if there is any truth to it, so I'm hoping somebody here will know something... —  read more 

What’s it going to take for:

PV to “drive profitable growth across the globe”? He has certainly had more than enough time. Oil prices and rig count are strong. They claim to be #2 in revenue/rig count in the NA mud biz. Could it be that he doesn’t have what it takes and his... —  read more 

Newpark market share

How come NP has 3 rigs in the Northeast market? QMax has over 30, AES more than 20, no one has slowed down Halliburton and NP with just 3 rigs???? Laughing stock of the patch....😂😂😂

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Post ID: @OP+UbFtv4w

Odds

What are the odds of NP Drilling Fluids posting a double digit Net profit margin in Q2? Or how about Period?? —  read more 

Baroid Big cheese meeting with Paul

I Seen the Big Baroid cheese (Brown )meeting with Paul, hopefully they are buying us or he is coming to Newpark to sort us out like they have done with Baroid recently.

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Post ID: @OP+TtU8U5s

You would think

NP has not important business to take care of than screening this site!

Since NDF is doing so well

Why is their market share s---ing wind in Mid Con, Eagleford, North East and Permian? Inquiring minds would like to know.... Maybe relationships were more important than what PV thought...... —  read more 

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Post ID: @OP+SyvRVu9

Where is NR touted technology?

OTC Conference awards for new technology: Notice Newpark ain’t there folks.... Here are the companies that received the Spotlight on New Technology award: Aegion Coating Services, which has a U.S. office in Conroe. Ampelmann Operations B.V.... —  read more 

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Post ID: @OP+SmS68Mm

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